1-4/351 Pacific Highway, Highfields, NSW, 2289 - BlockOfUnits Sold on 03 12 2025

SoldDec 3, 2025

1-4/351 Pacific Highway, Highfields, NSW, 2289

Amount undisclosed

524.8 m²

BlockOfUnits

•

12 days on the market

Sold: Dec 3, 2025

What's around 1-4/351 Pacific Highway

Rare Opportunity - Entire 4 Unit Apartment Block with Value-Add Potential - Also Strata Titled

This tightly held four-unit block is the kind of set-and-forget investment everyone wants in their portfolio. With one two-bedder, three one-bedrooms, and garages all round, it's already primed for solid returns, just get tenants in and let the returns take care of themselves. The building's been well cared for, and because the kitchens and bathrooms are still original, there's obvious room to add value. Freshen things up and raise the rents, or renovate, individually strata, and sell them off one by one for a healthy uplift. It's a solid long-term asset with multiple pathways to grow its return. Tucked back from the street and elevated to take in open views to the north, the location is in a sweet spot for tenants. Westfield Kotara, Charlestown Square, and the Fernleigh Track are minutes away, with Dudley and Redhead beaches, the CBD, and the harbour foreshore all within easy reach. Lake Macquarie's just down the road, rounding out a location that keeps demand steady year-round. - Proximity to KU Kindergarten, Club Azzurri and Concept gym - In catchment zone for prized Belair Public School and Kotara High - 5.5km to Merewether Beach, 8.3km to Newcastle city centre Investment Summary - Rental Evaluation Current Rent (Long-term residents): • Unit 1: Owner Occupied with $570pw evaluation • Unit 2: $270 per week • Unit 3: $285 per week • Unit 4: $280 per week Total Weekly Income: $1,405 Annual Income: $73,060 Current Market Rent Evaluation • Unit 1: $550-$570 per week • Unit 2: $350-$370 per week • Unit 3: $340-$360 per week • Unit 4: $340-$360 per week Potential Weekly Income: $1,660 Annual Income: $86,320 Current Market Rent (If renovated) • Unit 1: $600-$620 per week • Unit 2: $400-$420 per week • Unit 3: $390-$410 per week • Unit 4: $390-$410 per week Potential Weekly Income: $1,860 Annual Income: $96,720 Water Rates ~$1,352. p.a. Council Rates ~$1,688. p.a. Note: Council and water rates are currently billed separately for each of the four units. There is also the option to consolidate these charges into a single account for the entire property. Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Seller's review

5 months ago

Verified Review

Peter gave great advice and support through the whole process

I felt really overwhelmed at the thought of selling my property as I had never done it before. Peter explained all the options that would best suit my situation and arranged everything I needed. He kept me informed of the market response and was quick to adjust the campaign to suit so that my property was sold quickly with terms that suited. Peter’s communication and negotiation skills with myself and other parties involved were impressive, he was clear, honest and transparent and I was really happy with the whole process. He made it really easy. I felt confident with the decisions we made along the way and I was grateful for his discussion and guidance. I will definitely use Peter and his team for my next sale.

Linda N

Seller